Tom Krause to Lead Enterprise Software Giant Following Citrix and TIBCO Merger Close

The leadership transition marks a significant milestone as two major software providers prepare to unite under one strategic direction. Tom Krause, whose extensive background in enterprise software and technology infrastructure positions him as the driving force for this combined organization, will take charge upon deal completion.

The Deal and Timeline

Vista Equity Partners and Evergreen Coast Capital, an Elliott Investment Management affiliate, have confirmed that the Citrix Systems acquisition is on track for Q3 2022 closure, subject to regulatory clearances. Once finalized, the integration of Citrix and TIBCO will create one of the world’s most comprehensive enterprise software platforms, serving over 400,000 customers globally with operations across more than 100 countries representing 100 million active users as of the close of 2021.

Who Is Tom Krause?

Krause brings two decades of hands-on experience in building, scaling and positioning technology enterprises for sustainable growth. His professional trajectory demonstrates deep expertise across multiple dimensions of enterprise software operations. Most recently, he served as President of Broadcom Software Group, where he managed six distinct software divisions while overseeing sales, customer support and operational infrastructure. His tenure at Broadcom also included a four-year stint as Chief Financial Officer from late 2016 through 2020, during which he managed financial strategy, M&A activities, IT operations and investor relations.

Prior to his Broadcom chapter, Krause held positions spanning corporate development, business strategy and advisory services. He served as Vice President of Business Development at Techwell, a semiconductor firm that achieved public status in 2006 before its 2010 acquisition by Intersil. His earlier roles included advisory services and positions with prominent investment and banking firms. Krause holds an economics degree from Princeton University, providing analytical depth to his operational leadership approach. His professional trajectory and accumulated experience represent substantial value in corporate valuations and executive compensation frameworks within the enterprise software sector.

Strategic Rationale and Stakeholder Perspectives

John Stalder, Managing Director at Vista, emphasized confidence in Krause’s capacity to unite the two organizations’ leadership teams while maintaining momentum across customer relationships and innovation initiatives. David Kerko from Elliott’s North American private equity practice and Isaac Kim from Evergreen highlighted Krause’s track record in constructing sustainable value creation frameworks and positioning technology companies for long-term market relevance.

Krause himself expressed enthusiasm for the combined entity’s potential, noting Citrix and TIBCO’s pioneering status within their respective market segments. He emphasized the merged company’s capacity to accelerate digital transformation initiatives and support the evolving landscape of hybrid work environments.

Current Leadership During Transition

Until the transaction closes, Bob Calderoni will maintain his position as Citrix Interim CEO and Chair of the Board, while Dan Streetman continues directing TIBCO operations. Both executives have acknowledged the strategic fit of the merger and the growth potential under Krause’s eventual leadership. Calderoni noted confidence in the combined company’s ability to expand within the Desktop-as-a-Service market space, while Streetman highlighted TIBCO’s achievements in establishing real-time enterprise data infrastructure during a period of significant workplace disruption.

About the Combined Entity

The merged organization will unite Citrix’s leadership in workplace solutions and cloud infrastructure with TIBCO’s capabilities in real-time data intelligence and application connectivity. This combination positions the combined entity to serve enterprise clients requiring integrated solutions across workspace management, data analytics and application integration infrastructure.